There are scenes that recall memories of Soviet memory. The queues in front of department stores in the frantic eagerness to spend the last rubles remaining before the devaluation takes apocalyptic proportions.
Scenes reminiscent of 1998, on the eve of the default and the severe financial crisis that will remain as a nightmare in the collective imagination of the Russian . According to Ansa, citing the newspaper Vedomosti, due to the collapse of the national currency distributors foreign cars have temporarily suspended deliveries to dealers, who in turn have frozen sales.
At the same time also Apple has announced the temporary closure of its online store: “Due to the extreme fluctuations in the value of the ruble, our online store in Russia is not ‘currently unavailable while we review the prices – said in a statement the company – We apologize to customers for the inconvenience “
After the nightmare day yesterday, which has registered the worst data since 1995, this morning the ruble, opening of bags , did even worse than yesterday’s closing: the dollar is trading at 70.72 (+3.22 rubles) and EUR 88.6 (+3.45 rubles). The national currency continues to be subject to prolonged oscillations.
Central Bank of Russia , meanwhile, has announced that it has spent in one day on Monday, at least two billion dollars in an attempt to defend the national currency. After the rate hike from 10.5% to 17% decided by the banking center, the yield on ten-year had risen to 16.50% yesterday. Today, however, the yield has fallen below the threshold of 15%.
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